Analysis Of The Dantong Act: Are Conversion Subsidies…

by drbyos

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■ [가보GO] “Transition subsidy? If you receive it, you could become a ‘boy’”

Two days have passed since the Act on Improving the Distribution Structure of Mobile Communication Terminal Devices (Dantong Act), which seeks to allow people to receive ‘conversion subsidies’ when they move their number, came into force.

If I transfer my number, can I buy a Galaxy S24 (standard 256GB) for free? When I went there in person, I found that the Galaxy S24 could already be bought for free in many cases without a conversion subsidy.

Previously, on the 13th, the government approved a partial amendment to the Single Tong Act Enforcement Decree, promoted as part of the policy to reduce household costs. Accordingly, the Dantong Act, which came into force on the 14th, aims to promote number portability competition between telecommunications companies and provide ‘conversion subsidies (up to 500,000 won)’ to users. In theory, you can receive ‘public subsidy (maximum 500,000 earned) + conversion subsidy (maximum 500,000 earned) + additional subsidy (15%)=maximum KRW 1.15 million.’

Looking at the atmosphere in the distribution market, it does not appear that much has changed simply because the distribution law has changed.

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For Every $1 Cut In Certain Public Agencies,…

Although the budget of 127 public agencies is reduced by $822 million; 33 allocations are also increased by more than $3,663 million.

The tragedy of General State Budget (PGE) for 2024 is that, on the one hand, an effort is made to cut spending and on the other, allocations are increased to a much greater extent.

So, for every dollar of budget cuts in various agencies and institutions; spending on others increases by $4.57.

If the budget proforma for this year, sent by the Ministry of Economy on February 20 to the Assembly, is analyzed, It becomes evident that the optimizations that are made on the one hand are diluted in more expense on the other..

The PGE of the Government of Daniel Noboa, despite the announcements of austerity and a reduction of at least $1,000 million, presents a very different scenario.

Compared to the codified budget (expenditure actually accrued or executed) for 2023, the increase is more than $2,841 million.

Insufficient cuts

Specific, Budget cuts are recorded in 127 state agencies (including ministries, universities, agencies, among others). These add up to -$802.22 million compared to the budget executed in 2024.

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Bitcoin Plummets To Weekly Low Amidst Crypto Market…

The Implications behind Bitcoin’s Recent Price Correction

The cryptocurrency market has been dealt a blow with the recent sharp decline of Bitcoin prices. Although investors had experienced remarkable gains and record highs for a sustained period, Bitcoin has plummeted to a weekly low of $65,000.

At the time of writing, Coingecko data revealed that Bitcoin numbers were all painted in red and trading at $65,710. The cryptocurrency had lost value in the 24-hour timeframe and weekly timeframe by 5.6% and 4.5%, respectively.

Although many are feeling uneasy about this downward trajectory not just for Bitcoin but the whole broader altcoin market as well, there are overarching implications about this current trend .

Liquidity Risks: The Cause behind Market Turbulence

As it stands, such sell-offs in cryptocurrencies can have negative impacts on investors’ long-term prospects. Even though re-focusing on short-term profits is understandable given current circumstances; it might not always be ideal.

The surge in liquidations with over 151,000 traders facing margin calls underscores investor sentiment changing dramatically as worries mount that frothy speculation may have driven asset values out too far too quickly. – Bloomberg News [1]

Consequently there may be further impact on other such digital currencies like Binance Coin (BNB) and Ethereum (ETH).

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Tech Stock Decline In Japans Nikkei Signals Possibility…

Tech stocks drag Nikkei as GDP readings clear the way for BOJ to raise rates

Japan’s Nikkei 225 led losses in Asia on Monday, falling over 2% and dragged by tech stocks.

According to Factset, semiconductor equipment manufacturer Advantest Corp was the largest loser on the index, down 6.32%.
This was followed by counterpart Screen Holdings, which slipped 5.75%.

Other names on the top losers list also include Softbank Group, which declined 5.19% as well as Kawasaki Heavy Industries, which fell 4.16%.

Japan averts technical recession as revised fourth-quarter data shows economy grew 0.4%

Japan posted a revised fourth-quarter GDP growth of 0.4% on an annualized basis, averting a technical recession.

This comes after earlier estimates had shown that Japan’s economy shrank 0.4% in the fourth quarter on an annualized basis, following a revised 3.3% slump in the third quarter, fulfilling the definition of a technical recession.

A positive GDP reading could clear the way for the Bank of Japan to raise rates sooner rather than later.

China swings back into inflation in February with 0.7% gain in CPI

China’s consumer price index climbed 0.7% year-on-year in February,

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US Support For Customs Reform

Stakeholders during the launch of the Malagasy Customs support program for Air Cargo Services in Ivato, yesterday.

The US government provides financial support for customs administration reform. This is being done through $1.25 million in funding to establish a modern and fluid administration.

What causes customs to lose revenue is its time-consuming administration and cumbersome border procedures. In recent years, various reforms have been undertaken by Customs to modernize and equip its administration. For the first time, at least, since the beginning of the changes initiated, the Malagasy customs support project has been launched. It is the American government, through its Agency for International Development, which finances the program. Its implementation will be the responsibility of the United Nations Development Program (UNDP). Support for the various reforms undertaken by Customs translates into assistance with the tools and working methods to achieve tangible results. It was yesterday, in Ivato, on the occasion of the launch of the Malagasy Customs support project.

Completing the reform process initiated by the customs administration will ensure economic integration in a world where trade is constantly growing in flow and volume. Claire Pierangelo, United States Ambassador to Madagascar, affirms that this support will have a positive impact on the national economy.

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Al Bilad Newspaper Benefit Announces Important Promotions To…

Benefit Company, the leading financial technology and electronic financial transaction service company in the Kingdom of Bahrain, announced the promotion of more than 30 employees from various key departments, including information technology, business development, human resources, and other departments. This is a reflection of the company’s tireless efforts to appreciate and reward its employees for their contributions, support their professional development, and build a solid future for the company.

The promotions included senior management staff, including Ms. Shafaq Al Kooheji, Assistant General Manager – Payment Services, Mr. Ahmed Al Mahri, Assistant General Manager – Business Development and Services, Mr. Salah Al Awadhi, Executive Director of Human Resources and Administration, and Mr. Mansour Alwan, Executive Director of Internal Audit.

The importance of Benefit’s core value, which focuses on empowering its employees, is highlighted by these recent promotions in various departments and tasks. It emphasizes the company’s firm commitment to supporting a culture of continuous professional growth and career development.

In addition to promoting professional development, The Benefit Company is keen to create a thriving work environment by attracting, developing and retaining talent. It also attaches great importance to the comfort and health of employees, launching comprehensive health programs aimed at maintaining employee health.

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Autoelektrosan Is An Extraordinary Polish Bus. No One…

#Autoelektrosan #extraordinary #Polish #bus #built

Autoelektrosan, of course, has an electric drive, which is nothing special today. However, the engineers of the Sanok company approached the entire structure of the bus in an unusual way. The entire drive system was placed in an additional rear part, located behind the joint and separated from the passenger cabin.

The structure was built as part of a research project called “Bus with a rear, external, electric drive system”, in which, apart from Autosan, the Łukasiewicz Research Network – Automotive Industry Institute is involved. The aim of the project was to develop a bus in which the drive, batteries and peripheral devices (inverters, etc.) will be located in a separate rear compartment.

As a result, the rear section of the bus is the pushing part of the vehicle. The module is to some extent universal, i.e. it can be used as a drive for a properly designed passenger part of a bus intended for both urban and intercity transport.

Photo

The drive module contains the engine and batteries/press materials

Autoelektrosan is 12 m long.

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Trump Declares 2024 Presidential Election As Historic Turning…

Published17. March 2024, 01:52 United States: Trump sees the presidential election as a turning point in history

For Donald Trump, November 5, 2024, the date of the next presidential election, “will be the most important date in American history.”

Donald Trump, during a meeting in Vandalia, Ohio, Saturday March 16, 2024.

Getty Images via AFP

Former President Donald Trump, Republican candidate in the American election in November, presented this election as a turning point in the history of the country, evoking a “butchery” for the United States economy if he does not was not elected against the Democratic incumbent Joe Biden.

“November 5 will be the most important date in the history of our country,” declared Donald Trump during a meeting of his party in Vandalia, in Ohio (north), four days after having ensured the Republican nomination, as President Biden did in the Democratic camp.

Describing his Republican primary victory as “the fastest ever,” he noted that it also meant a wait of more than seven months before the rematch of the 2020 election. “It’s an eternity when you have incompetent people at the head of the country and who are leading it to its downfall,” he said.

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Swisscom Acquires Vodafone Italia, Starting The Union With…

The never-ending history of TLC in Italy

Fastweb and Vodafone Italia have always been betrothed in the Italian telecommunications market. With today’s announcement we arrive at “The End” (the first, awaiting the closing next year), of a plot that is reversed compared to the scheme long imagined in recent years, with a Vodafone as the hunter and a Fastweb as the prey . All on the basis of a valuation, net of debt and cash, of 8 billion, which in terms of enterprise value, explains Vodafone itself in a note, means an offer with a multiple of 7.6 times the adjusted Ebitdaal calculated on consensus FY 2024.

Synergies of 600 million annual run rates are expected and the acquisiti on, Swisscom specifies, «will be entirely debt financed, increasing Swisscom’s financial leverage to 2.6x (net debt/EBITDA) at the end of 2025, while maintaining a solid balance sheet . Swisscom expects to maintain an ‘A’ corporate credit rating, one of the highest among European companies in the telecommunications sector, supported by a clear deleveraging path.”

First big in Ftth fiber

What is being created in Italy, Mediobanca Research had highlighted in recent days, is a big company with 7.3 billion euros in revenues (between 2.6 for Fastweb and 4.7 expected for Vodafone Italia),

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